Latest Mandrake Resources (ASX:MAN) News

Mandrake Resources has secured the final regulatory approval for a planned 3,200-metre gold-copper drilling programme at its Berinka project in the Northern Territory. Mobilisation is scheduled for October, putting the company’s next exploration milestone within reach.

Mandrake Resources has extracted more than 8,000 litres of lithium brine from its Utah project and delivered the bulk sample for testing by Electroflow Technologies. The work moves the project toward scoping studies, but the key evidence on grade, recovery and costs is still to come.

Mandrake Resources has started extracting bulk lithium brine from the Evelyn Chambers #1 well, advancing its Utah Lithium Project and providing critical data for future development.

Mandrake Resources has strategically refined its Utah Lithium Project tenure by securing three key SITLA leases in the project’s central zone and relinquishing marginal blocks, positioning itself for upcoming bulk lithium brine production and technical evaluation.

Mandrake Resources has secured key agreements to produce lithium brine from its Utah project and plans a significant drilling campaign in Australia, supported by strong cash reserves.

Mandrake Resources has secured access to produce bulk lithium brine from a key Utah well, enabling critical technical evaluations that will underpin upcoming Scoping Studies and support development of its 3.3Mt lithium resource.

Mandrake Resources has secured a drilling contract to advance exploration at its Berinka Project in the Northern Territory’s Pine Creek Orogen, targeting gold and copper mineralisation with a 3,200m reverse circulation program planned for August 2026.

Mandrake Resources has identified overlapping placer claims staked by Utah Brine Corporation, linked to Neometals Ltd, on its Utah Lithium Project tenure. Legal demands have been issued to resolve the dispute, which affects a small portion of Mandrake’s 3.3Mt LCE resource.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Mandrake Resources has received a US$1 million grant from the US Department of Energy to advance lithium exploration in Utah’s Paradox Basin, validating its Utah Lithium Project and strengthening partnerships with leading US research institutions.

Mandrake Resources advances its Utah Lithium Project with a significant 3.3Mt lithium carbonate equivalent inferred resource, alongside key agreements for lithium offtake and uranium recovery.